When we see statistics quoted that are like "the top 1% of Americans own xx% of the wealth, the top 10% own xx%, and the bottom 50% own x.x%," is that total net worth including debt? Can we expect the bottom 1% under this metric to own, like, -40% of America?
Since these are almost always tossed around by people wishing to push the idea of economic disparity, I presume it must be, cause they wouldn't be sitting around thinking "we could make this look worse, but why bother." But I figured somebody reading this would probably actually know the answer.
Either way, getting an accurate picture obviously requires knowing how and where the debt lives.